When John Carlson is wrong

…Hey, John, I have news for you: there is a finite supply of oil on Earth and we are going to run out of it! If the demand for oil continues at the present rate, the world will need 140 million barrels a day by 2035.

A decline in oil production is on the horizon, and when it does get here (as it undeniably will), there will be very little time for us to react.

But we will have trouble even sooner. The non-OPEC controlled oil is going to peak first. If we do nothing by then, we will be at the mercy of a cartel of unfriendly countries for our energy.

Thirty years ago, John, the world did seem to be out of oil.

1971 was the year when U.S. production peaked. Today, we are dependent on other oil rich nations for our supply. But just as U.S. production peaked and declined all those years ago, world production will also peak, and when it does, the age of oil will come to a close whether humans like it or not.